banks - Page 3

Gab wrote on Mon Nov 6, 2023 9:39pm:

That is true; N26 webiste now asks for a Spanish phone number, address and Spanish ID or NIE, which I am still waiting for.

While I do have 3 different passports and connections to other countries, I am currently based in UK. Online research in German does provide different results. When you type in English, you are provided only with information relevant to UK citizens and Brexit. ...

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But I am comfortable telling a small untruth, after all politicians and executives do without any guilt, so why not. 

Today I have found a Spanish lawyer who has confirmed I can open ES N26 bank account for property purchase :)

marcliff wrote on Fri Nov 3, 2023 2:57pm:

You don't need a Spanish bank account. You do need an account with an online bank with a EU IBAN though. Many on here say open an account with WISE and there are many others that you can use. This is so she can pay her bills and direct debits where UK banks are not accepted.

WISE will also give you a card to make cash withdrawals whilst in Spain but any UK bank allows that but, apparently , WISE gives a better exchange rate....

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If she gets a Spanish account as non resident she will be hit very hard with banking charges here in Spain. WISE and the others don't make those charges.

marcliff wrote on Fri Nov 3, 2023 2:57pm:

You don't need a Spanish bank account. You do need an account with an online bank with a EU IBAN though. Many on here say open an account with WISE and there are many others that you can use. This is so she can pay her bills and direct debits where UK banks are not accepted.

WISE will also give you a card to make cash withdrawals whilst in Spain but any UK bank allows that but, apparently , WISE gives a better exchange rate....

Read more...

...

If she gets a Spanish account as non resident she will be hit very hard with banking charges here in Spain. WISE and the others don't make those charges.

Steveyjoanna wrote on Wed Nov 8, 2023 2:16pm:

In Spain ,as in other EU countries ,by law ,all are supposed to accept all EU IBANs,some in Spain still insist on a Spanish Bank,IBAN ,I have had a problem with only "Orange" in Benidorm who wanted only a Spanish Bank account,went to Movistar and set up DD with N26,(German IBAN) no problem,same w...

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...ith Iberderola,Wise are the best as you get two accounts,one UK one EU,( Lithuania I think),there is also Revolut,if you open using a Spanish address you will get a Spanish IBAN ,this is available in December,present Revolut opened outside Spain ,using Spanish address will change to Spanish IBAN also in December.

Any card works in Spain,dealing with most major companies presents no problems,but there are still a few dinosaurs out there.

Dagurney wrote on Wed Nov 8, 2023 2:29pm:

Don't get a Spanish bank account unless you want to live there...and even then...

I moved from a Spanish Sabadell account to WISE and had a terrible time trying to cancel the Spanish account - they kept charging me fees and overdrawl fees although I had asked then to close the account. All of the time I was told i had to go to Spain and cancel the account in the branch I opene...

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...d it - a complete scam IMO. They also sent me a debt collection letter from an agency to my home address in the UK all in Spanish.

Dagurney wrote on Wed Nov 8, 2023 2:29pm:

Don't get a Spanish bank account unless you want to live there...and even then...

I moved from a Spanish Sabadell account to WISE and had a terrible time trying to cancel the Spanish account - they kept charging me fees and overdrawl fees although I had asked then to close the account. All of the time I was told i had to go to Spain and cancel the account in the branch I opene...

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...d it - a complete scam IMO. They also sent me a debt collection letter from an agency to my home address in the UK all in Spanish.

janiceroquero wrote on Sat Nov 4, 2023 10:50am:

Why would you change your lawyer over such a small thing. The lawyer can't insist, he can suggest.

I personally have a Spanish bank account, as do other people on this forum, it's a matter of choice.

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I like to be able to talk to someone personally, hardly ever do but like the fact that I can.

Cheers, J

George55 wrote on Wed Nov 8, 2023 3:03pm:

In our particular circumstances, our Sabadell account was opened in Los Alcazares (Murcia) and was opened with the help of our solicitor (with me in person at the branch). This was maybe 7 years ago when we were first looking at buying.

For the next 3 or 4 years, things were fine and no quarterly or annual fee was charged. I can't remember what the fees were but we started getting hit for them in c2020/21 - during lockdown - and when it was illegal to cross regional borders. Sabadell would only let me close the account if I went...

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... to the branch where it had been opened!!! In the end, I manually moved my DDs across to N26 and paid my solicitor (who still had PoA and was based in Los Alcazares) to go into the branch and close it and transfer the residual balance to the N26 account.

It cost me 150 Euros I think but saved me the hassle and suffering any fall-out akin to what you appear to have been subject to. Thankfully, the home insurance has never been with Sabadell so cancelling that with appropriate notice was never an issue which it has been for some.